Yethu strikes again and accesses a 3-month acceleration program comprising of mentoring, funding and office space.
After a 3-month global search that saw Startupbootcamp conduct 15 FastTrack events across 12 countries, 518 applications were received for the accelerator program from 43 countries. Over 400 of those were from Africa, with 220 from South Africa alone. 7 South African Start-ups made the final cut after a demanding two-day selection process in Cape Town earlier this week:
- Social enterprise Brownie Points
- Insurtech Start-ups Fo-Sho and Strider
- AI platform Got Bot
- Ad-tech startup Just Now
- e-commerce platforms Virtual Drive
- Savings startup Yethu
Three Start-ups from Uganda, Zimbabwe and Nigeria were also selected:
Over a 3-month program, the 10 selected high potential Start-ups from across the globe will accelerate their companies with the help of Startupbootcamp’s team of first-class entrepreneurs, investors, and partners. In 3 months, teams will achieve what normally would take 18 months, by leveraging direct access to key contacts in the industry.
Yethu is an online web application available on both smart and feature phones that enables stokvels to easily manage and track their finances. Stokvels are traditional community savings that have existed for over a century. Each member contributes to the stokvel on a regular basis, and one person each month withdraws the deposits. This scheme forces participants to save their money.
The team at Yethu is made up of a diverse group of individuals ranging from community leaders and Stokvel members to individuals with up to 10 years’ experience in mobile banking. The team also includes software developers from home and abroad as well as mentors and board advisors with backgrounds in international experience.
Startupbootcamp is a leading accelerator focused on high-growth startups in blockchain, connected devices, payment solutions, capital markets and asset management, integrated supply chain, e-commerce, retailtech, insurtech, alternative financing, identity management, digital connectivity, data and behavioral analytics and enabling technologies.
The accelerator is anchored by corporate sponsors Old Mutual, RCS, BNP Paribas, Nedbank, Woolworths Financial Services, and PwC that will support and grow the program and selected startups. Global sponsors include Amazon Web Services, and Cisco.
Congratulations Jumpin Rides for making the last-20 Start-ups list.
Stay tuned for upcoming exciting announcements in the coming weeks.